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Oil prices rise in early trade as investors closely monitor the stability of the Israel-Iran cease-fire, with Brent crude gaining 1.7% to $67.30 a barrel and WTI up 1.8% to $65.48 a barrel.

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Oil prices rose 2% after US strikes on Iran. As Iran threatens to block the Hormuz Strait, India says it has diversified sources and enough reserves to ensure fuel supply remains unaffected.

Palace Press Officer Claire Castro says on June 17, 2025 that the Department of Energy is closely monitoring the situation in the Middle East to determine its effect on oil prices. Castro also said ...